Read our latest articles and insights on industry trends and business tips.
Our team of experts analyzes the shifting landscape to bring you actionable advice tailored to your specific needs. Whether you are looking
to optimize operations, navigate regulatory changes, or identify new growth avenues, our comprehensive resources are designed to keep you
ahead of the curve. We delve deep into emerging technologies and strategic methodologies, offering clear perspectives that help you make
informed decisions and drive sustainable success in a competitive market.
We are pleased to supply you with our July 2022 Newsletter, which contains information on a number of important
developments up to and including 30 June, 2022:
Tax Time 2022: businesses get ready
ATO guidance update: debt relief and waivers
What might the Federal Government's proposed electric car discounts mean for taxpayers?
Tax benefits for unused "carry forward" concessional superannuation contributions
Personal super deductions: remember the notice of intent
Please contact us if you wish to discuss how the points raised in our July 2022 newsletter specifically affect you.
If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists
and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance.
We are pleased to supply you with our June 2022 Newsletter, which contains information on a number of
important developments up to and including 31May, 2022:
What's next on the agenda for the government?
Tax time 2022: ATO focus areas
Single Touch Payroll: Phase 2
ATO resumes collecting aged debts
Operation Protego: detecting GST fraud
More ATO action on super guarantee non-compliance
Please contact us if you wish to discuss how the points raised in our June 2022 newsletter specifically affect you.
We are pleased to supply you with our May 2022 Newsletter, which contains information on a number of
important developments up to and including 30 April, 2022:
Employees vs contractors: more clarity coming
Movement at the FBT station: COVID-19 tests, car parking
ATO urges vigilance: new TFN and ABN scams
Federal Budget fuel excise reduction: will all businesses benefit?
ATO's COVID-related support for SMSFs
Please contact us if you wish to discuss how the points raised in our
May 2022 newsletter specifically affect you.
We are pleased to supply you with our April 2022 Newsletter, which contains information on a number of important
developments up to and including 31 March, 2022:
Support for flood-ravaged areas
Temporary full expensing of assets extended
Record-keeping education in lieu of ATO financial penalties
FHSS maximum releasable amount increased
Downsizer contributions: age limit change
Work test scrapped for super contributions: under 75s
Reminder: Director ID changes from 5 April, 2022
Please contact us if you wish to discuss how the points raised in our April 2022 newsletter specifically affect you.
The 2022 - 2023 federal budget is here! Key measurements were announced by Treasurer Josh Frydenberg on 29th March 2022 including temporary fuel excise relief, cost of living tax offset, cheaper medicines for Australians, and more infrastructure investment. Read all the details in our budget summary document.
DFK International Ranked 6th largest Association in the World
The International Accounting Bulletin presented the results of the 2022 World Survey of global accounting networks and
associations recently and we are delighted to report that the DFK remains firmly in the top 10 global associations.
Calculating your net worth can be a quick and easy way to get an outline of your financial position. By working out your net worth each
year, you can get a sense of whether your finances are going in the right direction.
5 tips for chasing invoices without annoying your clients
When you’re a small business owner, sole trader or freelancer, asking for payment on overdue invoices can be a delicate matter. Without an
accounts person or department, sometimes you’re trying to secure new work and chase invoices from the same person. Read our article to find
some helpful tips on how to handle these situations!
How are cryptocurrency transactions taxed in Australia?
Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s vital to explore the tax
implications. While these will vary according to your circumstances, and it’s important to seek professional advice, there are some basic
tenets you can start with.
We are pleased to supply you with our March 2022 Newsletter, which contains information on a number of important developments up to and including 28 February, 2022:
Work-related COVID-19 tests may be deductible
Natural love and affection: commercial debt forgiveness
Last chance to claim the loss carry-back
Tax debts may affect business credit scores
Contributions into SMSFs: minimum standards
SMSFs investing in crypto-assets: be informed and keep records
FBT time is approaching - we provide a helpful checklist to assist in compiling the necessary information
Please contact us if you wish to discuss how the points raised in our March 2022 newsletter specifically affect you.
We are pleased to supply you our February 2022 Newsletter, which contains information on a number of important developments up to and including 31 January, 2021:
COVID-19 vaccination rewards: tax implications
Free mental health support for small business
Changes to recovery loan scheme for small and medium enterprises
Need more money in retirement?
Income protection insurance in super: beware of offsets
Please contact us if you wish to discuss how the points raised in our February 2022 newsletter specifically affect you.
We are pleased to supply you our December 2021 & January 2022 Newsletter, which contains information on a
number of important developments up to and including 30 November, 2021:
ATO Medicare exemption data-matching continues
Building delays may cost you in more ways than one
Cryptocurrency scams on the rise
Take care with small business CGT concessions
ATO concerns on luxury tax
Up and coming changes to super
SMSF trustees: reminder to apply for director IDs
Please contact us if you wish to discuss how the points raised in our December 2021/January 2022 newsletter specifically
affect you.
We are pleased to supply you our October 2021 Newsletter, which contains information on a number of
important developments up to and including 30 September, 2021:
Federal COVID-19 support developments
State and Territory COVID-19 support developments
Closing a business? Dont forget the GST registration
New stapled super changes coming for employers
MySuper performance test results and new super comparison tool
Please contact us if you wish to discuss how the points raised in our October 2021 newsletter specifically affect you.
We are pleased to supply you our September 2021 Newsletter, which contains information on a number of important
developments up to and including 31 August, 2021:
Single Touch Payroll update - Phase 2 coming soon
Tax time 2021: rental property pitfalls
New sharing economy reporting regime proposed
Reminder: super changes for the 2021 financial year
Recontributions of COVID-19 early released super
Please contact us if you wish to discuss how the points raised in our September 2021 newsletter specifically affect you.
We are pleased to supply you our August 2021 Newsletter, which contains information on a number of important developments up to and including 31 July, 2021:
ATO tax time support: COVID-19 and natural disasters
Hardship priority processing of tax returns
Workplace giving versus salary sacrifice donations
Employers beware: increase in super guarantee
Please contact us if you wish to discuss how the points raised in our August 2021 newsletter specifically affect you.
We are pleased to supply you our June 2021 Newsletter, which contains information on a number of important
developments up to and including 31 May, 2021:
Are you ready for Tax Time 2021?
Don't jump the gun and lodge too early
How COVID-19 has changed work-related expenses
ATO data-matching targets rental property owners
Can I be released from by tax debts?
ATO's discretion to retain refunds extends to income tax
2021 FBT returns are due
Beware: phishing and investment scams on the rise
Please contact us if you wish to discuss how the points raised in our June 2021 newsletter specifically affect you.
We are pleased to supply you our May 2021 Newsletter, which contains information on a number of important developments up to and including 30 April, 2021:
Independent resolution process for small businesses now permanent
ATO focus in relation to JobKeeper
ATO targets contractors who under-report income
Can your business claim a deduction for bad debts?
ATO data-matching: residency for tax purposes
ASIC extends deadlines for financial reports and AGMs
Fair Work changes for casual employees
Please contact us if you wish to discuss how the points raised in our May 2021 newsletter specifically affect you.
We are pleased to supply you our April 2021 Newsletter, which contains information on a number of important developments up
to and including 31 March, 2021:
It's time to consider FBT
ATO reminder: Lodge your TPAR
Covid-19 stimulus and support measures winding back
Life insurance in super: costs on the way up?
Please contact us if you wish to discuss how the points raised in our April 2021 newsletter specifically affect you.
We are pleased to supply you our March 2021 Newsletter, which contains information on a number of important developments up to and including 28 February, 2021:
Tax implications of having more than one job
Closely held payees: STP options for small employers
ATO data-matching: JobMaker and early access to super
Super transfer balance cap increase from 1 July 2021
Your Future, Your Super legislative changes
Please contact us if you wish to discuss how the points raised in our March 2021 newsletter specifically affect you.
We are pleased to supply you our February 2021 Newsletter, which contains information on a number of important developments
up to and including 31 January, 2021:
ATO warning: watch out for tax avoidance schemes
COVID-19 Supplement extension to 31 March 2021
Working from home deductions: "shortcut" rate until 30 June 2021
JobMaker Hiring Credit rules and reporting
Small businesses: don't forget your FBT concessions
New Insolvency rules commence
Please contact us if you wish to discuss how the points raised in our February 2021 newsletter specifically affect you.
We are pleased to supply youour
December 2020 and January 2021 Newsletter,which contains information on a number of important developments up to and including 23 October 2020:
Coronavirus Supplement extended (but reduced)
Additional $250 Economic Support Payments on the
ATO advises of PAYG instalment and company tax rate error
ATO post-COVID expectations for businesses
JobMaker Hiring Credit up to $200/week: draft rules
Please contact us if you wish to discuss how the points
raised in
our December 2020 and January 2021 newsletter specifically affect you.
We are pleased to supply you with our November 2020 newsletter, which contains information on a number of important
developments up to and including 23 October 2020
We are pleased to supply you with our October 2020 Newsletter, which contains information on a number of important developments up to and
including 21 September 2020:
COVID-19 and FBT: updated ATO advice
ATO updates on new JobKeeper arrangements
Extended COVID-19 support and relief measures
ASIC grants hardship relief for withdrawals from frozen funds
Super choice of fund and enterprise agreements
Super guarantee amnesty now closed
Please contact us if you wish to discuss how the points raised in our October newsletter specifically affect you.
We are pleased to supply you with our September 2020 Newsletter, which contains information on a number of important developments up to and
including 21 August 2020:
JobKeeper reference date now 1 July 2020
PM announces pandemic leave disaster payment for Victoria
Loans put on hold and debt forgiveness: ATO’s views
Residency and source of income in the COVID-19 era
ATO’s employees guide for work expenses updated
FBT: cars garaged at employees’ homes during COVID-19
Please contact us if you wish to discuss how the points raised in our September newsletter specifically affect you.
We are pleased to supply you with our August 2020 Newsletter, which contains information on a number of important
developments up to and including 24 July 2020:
• Instant asset write-off further extended
• JobKeeper extended, with changes
• JobKeeper payments to childcare providers end
• Coronavirus Supplement extended, with changes
• ATO alert on fraudulence and non-compliance: COVID-19 measures
• Top tax time myths for 2020 that slow down returns
• Working from home deductions: “shortcut” rate extended
• IGTO investigates ATO communication of taxpayer rights
• Banks further extending loan repayment deferral
• Super contributions beyond age 65 from 1 July 2020
Please contact us if you wish to discuss how the points raised in Newsletter specifically affect you.
We are pleased to supply you with our July 2020 newsletter, which contains information on a number of
important developments up to and including 22 June 2020:
Tax time 2020 is here – With the great disruptors of the Australian bushfires and the global coronavirus (COVID-19)
pandemic, and the associated government economic stimulus measures, there are some key tax-related matters for everyone to be aware of this
year.
Expanded instant asset write-off for businesses – If you’ve purchased assets for your business, remember that you may be
eligible to claim an immediate deduction under the instant asset write-off, which was recently expanded.
Additional cash flow boost coming for businesses – If your business is one of many that received the initial cash flow
boosts as a part of the government’s COVID-19 economic stimulus measures, prepare for more help coming your way.
ATO scam calls may soon be a thing of the past – Australian telcos, the ATO and the ACMA recently collaborated on a
three-month trial of technology to block scam calls appearing to originate from legitimate ATO phone numbers.
Please contact us if you wish to discuss how the points raised in our July newsletter specifically affect you.
More details on the COVID-19 Cash Flow Boost and Jobkeeper Payment Scheme, early release of superannuation and the shift of Federal Budget
night to October 6.
To assist our clients experiencing cashflow issues during COVID-19, DFK Hirn Newey has partnered with QuickFee. QuickFee enables us to
continue providing the advice you need now, while giving you more time to pay our fees.
This month's newsletter focuses on all the latest updates on COVID-19, what kind of government support you're entitled to, the numerous
stimulus packages and what they mean for you, working from home implications, scams and more. Read how our business can help yours navigate
this difficult period in time.
In this month's newsletter we see the Draft Miscellaneous Taxation Ruling MT 2018/D1 withdrawn, extension for bushfire
assistance provided by the ATO, a new taskforce within the ATO aimed at the top 500 performing private groups and helpful hints and
tips to increase your super for free.
In this month's newsletter we take a look at getting the benefit of your business and tax losses, downsizer super contributions, Health
insurance and your tax uncovered, Small business CGT concession and when you qualify. We are also going to take a look at unpaid super and
the important amnesty update for employees, Selling shares and how tax applies, ATO to scrutinize every return for tax time 2019 and the
insurance changes in superannuation and how to protect yourself.
Salary sacrifice, Claiming work trips for business owners and the Tax Office plan to improve Australian's experiences with the Tax System.
Catch up on the latest in the October edition of Tax News, Views and Clues!
_800x202a.png){kind=logo}
